Tag: Ambani

Ambani bahu Shloka owns world’s most expensive necklace worth Rs…

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Mumbai: Only few families can compete with the Ambanis when it comes to opulence and extravagance. Their wealth is legendary, and they spare no expense in indulging their extravagant tastes. And if you thought the Ambanis had outdone themselves in the past, wait until you hear about their gift to Shloka Mehta, their daughter-in-law!
According to reports, Nita Ambani gave Shloka Mehta a necklace worth more than Rs 450 crore as a wedding gift. Yes, you read that correctly—450 crore! The necklace is said to be the most expensive in the world and to contain the largest internally flawless diamond in the world. Can you imagine wearing something so valuable around your neck? It’s the stuff of fantasy!
The necklace, called L’Incomparable by Lebanese jeweller Mouawad, is a true masterpiece of design and craftsmanship. In addition to the internally flawless diamond, the necklace features 91other diamonds, totaling approximately 200 carats of sparkling stones, as per information on internet. If that isn’t enough to impress you, the necklace’s cut and design are so unique that they cannot be copied or remade.

The Ambani family has clearly spared no expense when it comes to lavishly showering their loved ones with extravagant gifts. This gift, however, takes things to a whole new level. Shloka Mehta now owns one of the world’s most valuable pieces of jewellery, which shows the Ambani family’s taste for the finer things in life.
Recently, Anant Ambani’s Grandmaster Chime by Patek Philippe watch at NMACC which is worth Rs 18cr too grabbed eyeballs.

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#Ambani #bahu #Shloka #owns #worlds #expensive #necklace #worth
( With inputs from www.siasat.com )

April 13, 2023
Stay on show-cause notice to Anil Ambani under Black Money Act to continue: Bombay HC

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Mumbai: The Bombay High Court on Wednesday continued till further orders an interim stay on show-cause notice and penalty demand issued to industrialist Anil Ambani by the Income Tax department under the Black Money Act.
A division bench of Justices Gautam Patel and Neela Gokhale posted Ambani’s petition challenging the notice and penalty demand for hearing on April 28, and gave time to the IT department to file its reply.
The HC had in September 2022 granted an interim stay to the show-cause notice pending hearing.

In March this year, Ambani’s lawyer Rafique Dada informed the court that the department later also issued a penalty demand notice to his client.
The court then granted interim stay to the demand notice too.
On Wednesday, when the petition came up for hearing, advocate Akhileshwar Sharma, appearing for the IT department, sought two weeks to file a “comprehensive affidavit” in response to the amended petition.
“The petition has been amended adding some more IT officials as respondents and (the petitioner) has also annexed certain new documents. The department wants time to file a comprehensive affidavit,” Sharma said.
The court directed that the affidavit be filed by April 21.

“The petition shall be listed for hearing on April 28. The interim orders passed earlier — stay on the show-cause notice and the penalty demand — shall continue till further orders,” the bench said.
The IT department issued a notice to Anil Ambani on August 8, 2022, for allegedly evading Rs 420 crore in taxes on undisclosed funds of more than Rs 814 crore held in two Swiss bank accounts.
The industrialist was liable to be prosecuted under Sections 50 and 51 of the Black Money (Undisclosed Foreign Income and Assets) Imposition of Tax Act of 2015 which prescribes a maximum sentence of 10 years with fine, the IT notice said.
The department charged Ambani with “wilful” evasion, saying he “intentionally” did not disclose his foreign bank account details and financial interests.
Ambani in his petition claimed that the Black Money Act was enacted in 2015 and the alleged transactions were of assessment years 2006-2007 and 2010-2011.
The provisions of the Act cannot have retrospective effect, he argued.
According to the IT department’s notice, Ambani was an “economic contributor as well as beneficial owner” of Bahamas-based “Diamond Trust” and British Virgin Islands-incorporated Northern Atlantic Trading Unlimited (NATU).
He “failed to disclose” these foreign assets in his income tax return (ITR) filings and hence violated the Black Money Act, it said.
The act was brought in by the Narendra Modi government soon after it came to power in 2014.
IT officials assessed the total value of undisclosed funds in the two Swiss Bank accounts at Rs 8,14,27,95,784 (Rs 814 crore) and tax payable on this amount at Rs 4,20,29,04,040 (Rs 420 crore).
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#Stay #showcause #notice #Anil #Ambani #Black #Money #Act #continue #Bombay
( With inputs from www.siasat.com )

April 5, 2023
Mukesh Ambani ranked 9th in Forbes World’s Billionaires List 2023

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New Delhi: Mukesh Ambani, Chairman and Managing Director, Reliance Industries, was ranked 9th in the Forbes’ 37th annual World’s Billionaires List 2023, with an estimated net worth of $83.4 billion. He maintained his position as the wealthiest individual in Asia.
Ambani was ranked 10th in the prestigious list last year, with an estimated net worth of $90.7 billion.
In the latest list this year, Ambani is ranked higher than the likes of Steve Ballmer of Microsoft, Larry Page and Sergey Brin of Google, Mark Zuckerberg of Facebook and Michael Dell of Dell Technologies.

Gautam Adani remained India’s second most wealthy person, but slipped to the 24th rank globally following the recent rout in share prices of Adani Group companies. His net worth was estimated at $47.2 billion.
Shiv Nadar of HCL Technologies is the third among Indians on the list with a net worth of $25.6 billion and a global rank of 55.
While the Forbes’ global count of billionaires slipped from 2,668 last year to 2,640 in 2023, the tally in India improved from 166 in 2022 to 169 this year.
Forbes noted that falling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people.
Altogether, the planet’s billionaires are now worth $12.2 trillion, a drop of $500 billion from $12.7 trillion in March 2022.

According to Forbes, the US still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion. China (including Hong Kong and Macau) remains second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion.
To calculate net worth, Forbes used stock prices and exchange rates from March 10, 2023.
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#Mukesh #Ambani #ranked #9th #Forbes #Worlds #Billionaires #List
( With inputs from www.siasat.com )

April 4, 2023
PM Modi congratulates Nita Ambani for the opening of NMACC in Mumbai

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New Delhi: Prime Minister Narendra Modi has congratulated Nita Ambani for the opening of Nita Mukesh Ambani Cultural Centre (NMACC), a first-of-its-kind, multi-disciplinary cultural space in the sphere of arts, that was launched in Mumbai recently.
In a letter dated on March 29, the Prime Minister said, “It is heartening to learn about the opening of Nita Mukesh Ambani Cultural Centre in Mumbai. Heartiest congratulations and greetings to everyone associated with the Cultural Centre on the occasion.
“It is indeed commendable that Smt. Nita Ambani Ji is leading this endeavour of the Ambani family with the aim of popularising our arts and culture. This showcases the unique Indian phenomenon of staying rooted to one’s roots while also being committed to progress.

“This endeavour will go a long way in making our art and culture accessible to a larger section of society and at the same time also encourage a vibrant socio-cultural interaction between different parts of the country and the world. I am positive that this Cultural Centre will provide a platform to budding artists and performers to showcase their talent, which in turn encourages more people to take up art professionally.
“Best wishes for the opening of Nita Mukesh Ambani Cultural Centre.”
Bollywood and Hollywood celebrities, sports personalities and other dignitaries were present at the Jio World Centre in Mumbai for the launch of the Nita Mukesh Ambani Cultural Centre last week.
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#Modi #congratulates #Nita #Ambani #opening #NMACC #Mumbai
( With inputs from www.siasat.com )

April 3, 2023
Priyanka-Nick to Ranveer-Deepika, celebs attend Nita Mukesh Ambani Cultural Centre grand opening

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Mumbai: Several Bollywood celebs on Friday marked their presence at the grand opening of Nita Mukesh Ambani Cultural Centre (NMACC) in Mumbai.
India’s first-of-its-kind, multi-disciplinary cultural space, the Nita Mukesh Ambani Cultural Centre, showcases India’s finest offerings in music, theatre, fine arts, and crafts.
The Centre will mark another definitive step in strengthening India’s cultural infrastructure and bringing to fruition the best of India and the world in the sphere of arts.
Take a look at the celebs who arrived at the grand opening night:
Hosts of the evening, Nita Ambani and Mukesh Ambani were seen posing in front of the shutterbugs.
Mukesh donned an all-black Jodhpuri suit, whereas Nita Ambani opted for a beautiful blue saree.
Global Icon Priyanka Chopra gathered all the eyeballs with her stylish attire and was seen posing with her husband Nick Jonas.
Superstar Rajinikanth marked his presence along with his daughter Soundarya Rajinikanth.
Actor Shah Rukh Khan’s wife Gauri Khan, his son Aryan Khan and daughter Suhana Khan were also present at the event.

Bollywood’s Bhaijaan, Salman Khan, looked stylish in a black suit and was seen posing with SRK’s family.
Newlywed couple Sidharth Malhotra and Kiara Advani looked super cute as they were seen twinning in traditional off-white outfits.
Shahid Kapoor was seen posing in front of the shutterbugs with his wife Mira Kapoor.
Royal Couple Kareena Kapoor Khan and Saif Ali Khan arrived at the event along with actor Karisma Kapoor.
Actor Aishwarya Rai Bachchan looked gorgeous in a traditional green outfit, as she was seen posing with her daughter Aaradhya Bachchan.
Actor Varun Dhawan was seen having fun with his ‘Bhediya’ co-actor Kriti Sanon at the event.
Actor Alia Bhatt was seen posing with her mother Soni Razdan, her father Mahesh Bhatt and her sister Shaheen Bhatt.
Power couple Ranveer Singh and Deepika Padukone looked adorable as they attended the event in traditional attires.
Veteran star Jeetendar arrived at the opening party along with his daughter Ekta Kapoor and son Tusshar Kapoor.
Actor Vidya Balan was spotted at the event along with her husband Sidharth Roy Kapur.
Actor Sonam Kapoor looked drop-dead gorgeous in an off-white traditional outfit.
Actor Aamir Khan attended the event along with his family members.
Legendary Indian cricketer Sachin Tendulkar was seen posing in front of the paps with his daughter Sara Tendulkar and wife Anjali Tendulkar.
Apart from them, several other celebs like Jasprit Bumrah, Karan Johar, Dia Mirza, Sania Mirza, Athiya Shetty also attended the event.
The centre will be highly inclusive with free access for children, students, senior citizens, and the differently abled, and will strongly focus on community nurturing programmes including school and college outreach and competitions, awards for Arts teachers, in-residency Guru-shishya programs, art literacy programs for adults.
The cultural centre is home to three performing arts spaces — the majestic 2,000-seat Grand Theatre, the technologically advanced 250-seat Studio Theatre, and the dynamic 12S-seat Cube. It also features the Art House, a four-storey dedicated visual arts space built as per global museum standards with the aim of housing a shifting array of exhibits and installations from the finest artistic talent across India and the world.
Spread across the Centre’s concourses is a captivating mix of public art by renowned Indian and global artists, including ‘Kamal Kunj’ — one of the largest Pichwai paintings in India.
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#PriyankaNick #RanveerDeepika #celebs #attend #Nita #Mukesh #Ambani #Cultural #Centre #grand #opening
( With inputs from www.siasat.com )

April 1, 2023
Shah Rukh Khan looks dapper in black suit for Ambani event, fan says “SRK giving competition to his son”

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Mumbai: It was one star-studded affair at the grand opening of Nita Mukesh Ambani Cultural Centre (NMACC) in Mumbai on Friday night where who’s who of Bollywood marked his or her presence.
While Salman Khan and Aamir Khan posed for the paps, Shah Rukh Khan did give a miss to the shutterbugs! However, his looks for Friday night set the internet on fire.
Shah Rukh’s manager Pooja Dadlani took to her Instagram to post his look for the event. Shah Rukh looked absolutely dapper in his black suit. He sported a pendant with a black stone to complement the look.
Soon after Pooja posted these pictures, celebs and SRK fans rushed to the comment section.
Mahira Khan, who performed in ‘Raees’ with Shah Rukh, wrote, “What is this behaviour, Pooja?”
Oscar-winning producer Guneet Monga wrote, “Dear Lord” with some heart emojis.
Fans compared SRK with his son. “Srk giving competition to his own son”, wrote a fan.
Another one wrote, “Thought it’s Aryan for a second!”

Though Shah Rukh was not present in the family frame, it was Salman Khan who joined Gauri Khan, Aryan Khan and Suhana Khan for a special photo-op at the event.
India’s first-of-its-kind, multi-disciplinary cultural space, the Nita Mukesh Ambani Cultural Centre, showcases India’s finest offerings in music, theatre, fine arts, and crafts.
The Centre will mark another definitive step in strengthening India’s cultural infrastructure and bringing to fruition the best of India and the world in the sphere of arts.
The centre will be highly inclusive with free access for children, students, senior citizens, and the differently abled, and will strongly focus on community nurturing programmes including school and college outreach and competitions, awards for Arts teachers, in-residency Guru-shishya programs, art literacy programs for adults.
The cultural centre is home to three performing arts spaces — the majestic 2,000-seat Grand Theatre, the technologically advanced 250-seat Studio Theatre, and the dynamic 12S-seat Cube. It also features the Art House, a four-storey dedicated visual arts space built as per global museum standards with the aim of housing a shifting array of exhibits and installations from the finest artistic talent across India and the world.
Spread across the Centre’s concourses is a captivating mix of public art by renowned Indian and global artists, including ‘Kamal Kunj’ — one of the largest Pichwai paintings in India.
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#Shah #Rukh #Khan #dapper #black #suit #Ambani #event #fan #SRK #giving #competition #son
( With inputs from www.siasat.com )

April 1, 2023
Bombay HC grants interim relief to Anil Ambani in IT case under Black Money Act

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The Bombay High Court ordered the Income Tax Department on Friday not to take any action regarding the penalty notices issued against Anil Ambani, the chairman of Reliance (ADA) Group till March 17, in connection with the income tax proceedings started against him.
The order was passed in response to a petition Ambani filed in which he contested a show-cause notice sent to him under the 2015 Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act.
On September 26, 2022, a co-ordinate bench of the High Court granted Ambani ad-interim relief from any coercive action over the show cause notice.
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#Bombay #grants #interim #relief #Anil #Ambani #case #Black #Money #Act
( With inputs from www.siasat.com )

March 10, 2023
Reliance to set up 10 GW solar plant, invest Rs 40K crore for 5G rollout in AP: Ambani

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Visakhapatnam: Billionaire Mukesh Ambani on Friday announced plans for setting up a 10-gigawatt solar plant in Andhra Pradesh as his oil-to-telecom conglomerate bets big on renewable sources which can be converted into carbon-free green hydrogen.
Speaking at the Andhra Pradesh Global Investors Summit, Ambani, Chairman and Managing Director of Reliance Industries Ltd, said his group is investing Rs 40,000 crore for rollout of ultra-high speed 5G telephony network in the state.
“This morning, I am happy to announce that we will continue our investments and we will invest in 10 gigawatt of renewable solar energy in the state of Andhra Pradesh,” he said without giving investment details.
Reliance had in 2021 announced plans to create by 2030 capacity to generate at least 100 GW of electricity from renewable sources, which can be converted into carbon-free green hydrogen. It is also investing in setting up giga-factories to manufacture components for the green energy value chain.
Ambani said his company has invested more than Rs 1.5 lakh crore in developing oil and gas discoveries it made off the Andhra coast and in supporting gas pipeline infrastructure to transport the fuel to consumers.
Gas from Reliance’s KG-D6 block in the Bay of Bengal contributes nearly 30 percent of of all gas production in the country, he said. “This is just an example of how important Andhra is to the India story. And how deeply Reliance is invested in the Andhra story.”
Reliance Jio, the group’s telecom arm, is rolling out what it called a ‘True 5G’ network.
“We are creating the largest and the best digital network footprint in the state by investing over Rs 40,000 crore. Our 4G network covers 98 per cent of Andhra Pradesh’s population, including those living in the remotest corners of the state.

“The rollout of Jio’s True 5G will be completed before the end of 2023 throughout India, including your state of Andhra Pradesh,” he said.
5G will trigger a new wave of digital revolution, creating large-scale business and employment opportunities.
Similarly, its retail arm has partnered with more than 1.2 lakh kirana merchants across 6,000 villages of Andhra Pradesh. “Reliance Retail will source significantly more agri and agro-based products and manufactured goods from Andhra Pradesh for sale all over India,” he said.
“I would like to assure you that Reliance will continue to be an unflinching partner to the people and the Government of Andhra Pradesh in your state’s all-around accelerated progress,” he added.
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#Reliance #set #solar #plant #invest #40K #crore #rollout #Ambani
( With inputs from www.siasat.com )

March 3, 2023
Highest Z+ security cover for Mukesh Ambani, his family across India, abroad: SC

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New Delhi: The Supreme Court has directed that highest Z+ security cover should be provided to billionaire businessman Mukesh Ambani and his family across the country and also while traveling abroad.
A bench of Justices Krishna Murari and Ahsanuddin Amanullah said: “Highest Z+ security cover provided to respondent nos. 2 to 6 (Ambanis) shall be available all across India and the same is to be ensured by the state of Maharashtra and Ministry of Home Affairs. Highest Level Z+ Security Cover, as per the policy of Government of India, be also provided, while respondent nos. 2 to 6 are traveling abroad and the same shall be ensured by the Ministry of Home Affairs.”
The bench added that the entire expenses and cost of providing highest level Z+ security cover to the Ambanis within India or abroad shall be borne by them.
The top court passed the above directions noting that “the security cover provided to the respondent nos. 2 to 6 has been the subject matter of controversy at different places and in different high courts”.
Senior advocate Mukul Rohtagi, appearing for the Ambanis, contended that the highest level of Z+ security cover was provided to them, in view of continuous threat perception assessed by Mumbai Police and Ministry of Home Affairs and the Central government.
The top court passed the order on an application filed by Bikash Saha in the Centre’s special leave petition challenging the Tripura High Court’s interim orders directing the Ministry of Home Affairs to produce the original files regarding threat perception in relation to Mukesh Ambani and his family. The high court directed that an MHA officer should appear before it with the relevant files in sealed cover in June last year.
On July 22 last year, the Supreme Court quashed the Tripura High Court proceedings in connection with the PIL questioning the security cover provided to industrialist and his family in Mumbai. However, Saha again filed a miscellaneous application seeking clarification of the July order.
Counsel for the applicant contended that in the July order as it stands, there is lot of scope of misinterpretation of the said order, unless it is clarified that the scope of the said order was restricted to providing of security cover to the Ambanis only exclusively within Maharashtra, which is the place of business and residence for them.

Rohatgi submitted that his clients are at continued risk of being targeted to financially de-stabilise the country and such risk exists not only throughout India as also when the said respondents are traveling abroad.
Disposing of the application filed by Saha, the top court said: “We are of the considered opinion that if there is a security threat, the security cover provided and that too at own expense of the respondents, cannot be restricted to a particular area or place of stay. Looking into the business activities of the respondent nos. 2 to 6 within the country as also outside the country, the very purpose of providing security cover would stand frustrated, if the same is restricted to a particular place or area.”
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( With inputs from www.siasat.com )

March 1, 2023
Mukesh Ambani emerges as today’s top winner; Adani’s net worth dips again

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Reliance Industries Limited (RIL) chairman Mukesh Ambani today emerged as a top winner on the world’s billionaire list whereas, Adani Group Founder Gautam Adani’s net worth continues to dip.
Ambani who recently regain the tag of India’s richest person continues to climb up on World’s billionaire list. With a net worth of USD 86 billion, he is at eight position on the rich list.
Today, USD 2.2 billion is added to his net worth. His ranking improved from ninth to eight as Reliance Industries Limited (RIL) is trading in green today.
Mukesh Ambani continues to climb up on World’s billionaire list
Mukesh Ambani who recently entered the top 10 billionaire list and bagged India’s richest person title continues to climb up on the rich list.
Though Ambani is out of the 100-billion club, he continues to hold the title of Asia’s richest person.
Currently, he is richer than famous billionaires Mark Zuckerberg, Sergey Brin, Francoise Bettencourt Meyers, Larry Page and Steve Ballmer.
Adani’s net worth takes another dip
Adani companies’ stocks which were bleeding ever since the release of the Hindenburg report improved today.
However, it failed to lift the net worth of Adani. He lost USD 986 million today and emerged as today’s top loser.

As of 12 noon, most of the Adani stocks were trading in green. NDTV and Adani Power are locked in the upper circuits whereas, Adani Total Gas Limited is locked in the lower circuit.
While, Adani Enterprises, Adani Green, Adani Ports, and Ambuja Cement were trading in the green, ACC and Adani Transmission were in the red.
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#Mukesh #Ambani #emerges #todays #top #winner #Adanis #net #worth #dips
( With inputs from www.siasat.com )

February 16, 2023